The flood of 2011 inundated the Amphenol facilities for the second time in the company's history, making Delaware County's largest employer looking to move elsewhere.

"If Amphenol had left, there'd be nothing to replace it," said Kenneth Adams. Commissioner of the NYS Department of Economic Development. "There was an issue here, a threat of them leaving. Gov. Cuomo said, 'Figure this out, there's no way we can let Amphenol leave.'"

Thanks to more than $30 million from New York State's Economic Development Agency and more than $3.5 million in disaster aid, Amphenol will continue to call Sidney home. But this time, on higher ground.

The move also maintains more than 900 jobs in the area and alleviates any worries over future flooding.

"This company is going to stay, and they're going to have a bright future here. It's going to mean employees for the future are going to be able to care for themselves and their families," said Sen. James Seward (R-51st).

Working at Amphenol is often a family affair, officials said. According to the village of Sidney mayor, 70 percent of children in Sidney have one or both parents working at Amphenol.

Amphenol officials hope the new 270,000-square-foot facility will be open by May 2014.